Prestige Vehicle Funded for High Net Worth Individual
£194,900 Mercedes G Wagon Finance Completed
Sector: Prestige Vehicles
Solution: Hire Purchase
The Client
Long term Liquid Corporate Finance client who runs a string of multi million pound businesses in the food manufacturing and distribution sector. He also owns a large and ever expanding property rental portfolio business.
The Challenge
Sourcing a G Wagon to the exact vehicle and price the client wanted; a very difficult challenge due to the rarity of both the interior and exterior colours we were asked to find and at the price point wanted. We had to pull all our resources together for this one!
The Solution
Utilising our extensive contacts in the luxury vehicle market, we were able to fulfil the clients request down to a tee by securing the exact vehicle he wanted for slightly less than his guide price. We funded the vehicle with a 5k deposit over 36 months on a fully amortised basis, at the client’s request.
Summary
A very challenging brief was executed beautifully. Although we secured a zero deposit on the facility, the client decided to use the holding payment to the supplier for his deposit. He was over the moon with the vehicle, the funding structure and how informed we kept him throughout the process.
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